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Termination fees are common to service industries such as cellular telephone service, subscription television, and so on, where they are often known as early termination fees. For instance, a customer who purchases cellular phone service might sign a two-year contract, which might stipulate a $350 fee if the customer breaks the contract ...
Some lenders may opt to charge a flat fee for early termination, which usually amounts to a few hundred dollars. For example: Bank of America charges $450 if you terminate your account within 36 ...
Lease agreements typically stipulate an early termination fee and limit the number of miles a lessee can drive (for passenger cars, a common number is 10,000 miles per annum though the amount can be stipulated by the customer and can be 5,000 to 25,000 miles per year). If the mileage allowance is exceeded, fees may apply.
An automatic renewal clause is used in the insurance and healthcare industries . An automatic renewal clause (also referred to as an evergreen clause), is activated towards the end of the contractual period whereby it automatically renews the terms of an agreement except when the contract is terminated (through mutual agreement or contract breach), or one of the contracting parties has sent a ...
The hefty one-time payments, known as broker fees, are ubiquitous in New York but nearly unheard of anywhere else. ... NYC considers ending broker fees for tenants, angering real estate industry ...
Instead, home buyers and sellers would be able to negotiate fees with their agents upfront. If the $418 million legal agreement is approved by a federal court, consumer advocates predict the ranks ...